Kunal Kapoor has been at the helm of Morningstar, Inc. since 2017, after joining the company back in 1997. With an MBA from the University of Chicago, he has a strong background in finance. Under his leadership, Morningstar has not...

Kunal Kapoor has been at the helm of Morningstar, Inc. since 2017, after joining the company back in 1997. With an MBA from the University of Chicago, he has a strong background in finance. Under his leadership, Morningstar has not only grown but also expanded its data and research capabilities significantly. His strategic decisions include the acquisition of Sustainalytics, enhancing the company’s ESG offerings, and he led the integration of PitchBook, making it a go-to tool for investors. Kunal is actively involved in the company's performance metrics, focusing on adjusted revenue and EBITDA, which directly influence his compensation. In 2023, he earned a total compensation of about $2.07 million, primarily from performance-based bonuses, as he believes in aligning his pay with the company's success. Kunal's track record includes impressive insider trading activities, with multiple transactions reflecting his confidence in Morningstar's future. His leadership style emphasizes results, collaboration, and adaptability in the fast-paced finance environment.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Morningstar CEOs

M

Kunal Kapoor

CEO of Morningstar

Education

University of Chicago (MBA)

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

September 1, 1975 - 49 years ago

CEO of Morningstar for

8 years 3 months (Jan 2017 - Present)

Previous Experience

President of Morningstar since October 2015, various leadership roles since 1997

Rivals

Competitors/colleagues of Kunal Kapoor

M

Raymond W. McDaniel, Jr.

CEO of Moody's

2021 Compensation

Stock

$0.00

Salary

$900.00K

Bonus

$2.21M

Other

$0.00

Total Holdings

$89.53M

M

Henry A. Fernandez

CEO of MSCI

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.45M

Other

$342.92K

Total Holdings

$1.21B

Holdings

See how much did Kunal Kapoor make over time.

Kunal Kapoor is known for his substantial insider trading activities reflecting his confidence in Morningstar. Over the years, he has made numerous transactions, with the largest being around $25.54 million in September 2019. Following that, we see consistent trading activity...

Kunal Kapoor is known for his substantial insider trading activities reflecting his confidence in Morningstar. Over the years, he has made numerous transactions, with the largest being around $25.54 million in September 2019. Following that, we see consistent trading activity that fluctuated in value. By 2023, Kunal's holdings were valued significantly, with peak activity often aligning with strong performance metrics of the company. As the stock price fluctuated, he demonstrated strategic selling, showing both timing and a deep understanding of market conditions. His actions illustrate a long-term commitment, and at times he held several million dollars worth of Morningstar stock, reflecting a substantial personal investment in the company’s success.

Loading...

Charitable Transactions

MORN

3,276 shares

MORN

Recent Charitable Transactions

MORN

500 shares

MORN

Dec 26, 2024

Charity

MORN

600 shares

MORN

Aug 17, 2022

Charity

MORN

500 shares

MORN

Aug 5, 2021

Charity

MORN

1,000 shares

MORN

May 6, 2020

Charity

MORN

476 shares

MORN

Sep 26, 2019

Charity

MORN

200 shares

MORN

Nov 9, 2018

Charity

Insider Trading

See recent insider trades of Kunal Kapoor.

MORN

500 shares

MORN

Dec 26, 2024

Charity

MORN

98 shares

MORN

Nov 15, 2024

Received

MORN

404 shares

MORN

May 15, 2024

Received

MORN

4,575 shares

MORN

May 15, 2024

Received

MORN

938 shares

MORN

Nov 17, 2023

Received

MORN

2,948 shares

MORN

May 15, 2023

Received

MORN

6,844 shares

MORN

May 15, 2023

Received

MORN

3,453 shares

MORN

Nov 17, 2022

Received

MORN

600 shares

MORN

Aug 17, 2022

Charity

MORN

4,185 shares

MORN

May 15, 2022

Received

Compensation History

See how much did Kunal Kapoor make over time.

Kunal Kapoor's compensation reflects a strong pay-for-performance philosophy. His total compensation in 2023 reached approximately $2.07 million, with a base salary of $525,000 and a bonus that was heavily influenced by the company's performance metrics like adjusted revenue and EBITDA. This bonus amounted to nearly $1.54 million, aligning his financial incentives with the success of Morningstar. Additionally, he received restricted stock units worth approximately $1.96 million in total value, vesting over time to encourage long-term commitment to the company. Over the years, we see a consistent strategy of linking a significant portion of his compensation to business outcomes, highlighting accountability and engagement in the company’s progress.

Year

2023

Total Compensation

$4.04M

Salary

$525.00K

Board Justification

Morningstar's compensation philosophy emphasizes a strong pay-for-performance structure, with a significant portion of total compensation being performance-based, particularly for the CEO.

Bonus

$1.54M

Board Justification

The annual cash incentive for Kunal Kapoor was determined based on company performance metrics of Adjusted Revenue and Adjusted EBITDA, with a funding factor of 91.7% of target due to performance relative to goals.

Other

$16.88K

Board Justification

This amount represents matching contributions to the 401(k) plan.

Restricted Stock

$1.96M(6.84K RSU)

Board Justification

Restricted stock units granted in 2023 that vest in four equal annual installments, commencing on the first anniversary of the grant date, subject to continued employment.

Performance Metrics

The primary performance metrics for Kunal Kapoor's compensation in 2023 were Adjusted Revenue and Adjusted EBITDA.

Other Morningstar CEOs

Here are other CEOs of Morningstar

Joe Mansueto

Founder and Ex-CEO of Morningstar

January 2000 - December 2016